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House buy in Latsia Lefkosia
The warehouse, which currently consists of a show-room, offices, production area, warehouse and kitchen while it is situated in a parcel of 7,414m². A loading deck is also available. The leasehold agreement between the Ministry of Commerce is valid for 33 years with expiry date the 29th April 2045 with an option for renewal for another 33 years. The asset is currently vacant. The immediate area is characterized by factories and warehouses. Building phases: Phase 1: Showroom, offices, production area, warehouse and kitchen. Ground Floor area: 1800m², Mezzanine: 1150m². Phase 2: Production area and warehouse. Ground Floor area: 750m², Mezzanine 715m². Phase 3: Offices, storage room and a small light industrial space. Ground Floor area: 930m², Mezzanine: 150m², Semi-basement 930m². Ground rent to the government: €6049 per year to the Ministry of Energy. The property belongs to an SPV (Special Purpose Vehicle), therefore no VAT is chargeable in case of purchase of the SPV.
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